Castle Donington packaging firm swoops for historic rival
NNZ Group, a Castle Donington business that supplies packaging to the fresh produce and industrial markets, has acquired LBK Packaging.
Headquartered in the Netherlands, NNZ has been owned and operated by the Boot family since 1922, with its UK operations based in Castle Donington, Derbyshire.
It employs more than 200 people, with partners in 40 countries including Europe, Canada, South Africa and the US.
NNZ was advised on the acquisition by Langleys Solicitors.
LBK, based in Liverpool and Glasgow, has operated in the packaging industry since 1831. It specialises in bags and sacks for food, chemicals, animal feed and the building trade.
It supplies recycling bags to UK local authorities and recycling companies for the collection of paper, garden waste, plastic, cardboard and glass.
The acquisition significantly increases NNZ’s share in the agricultural and industrial packaging markets in the UK.
Brian Keasey, managing director of NNZ UK, said: “We are absolutely delighted that LBK are joining NNZ. We are genuinely excited by the prospect of bringing further value to our customers by combining the expertise and product offering of the two long standing companies.”
Christian Hunt, partner at Langleys, said: “It was a pleasure working alongside the NNZ team on this acquisition, which will no doubt take LBK from strength to strength.”
For the year ending 31 December 2016, NNZ made a profit of £47,945 on a turnover of nearly £4m.